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NATO & 21st Century War-Time Currency Counterfeiting
Submitted by Martin Armstrong via Armstrong Economics,
The justification for war has been escalated where NATO now considers it legitimate to respond to a large-scale cyber attack on a Member State with military force.
This position has been the decision of the 28 Heads of State and Government at the NATO meeting regarding its new proclaimed jurisdiction with respect to cyberspace.
The focus is taking the position that an attack on the computer network can cripple critical infrastructure such as power plants, banks or governments, without any actual military invasion.
The argument has been the threat of a massive cyber-attack upon the international financial markets that would cripple the international capital flows placing the economy at risk. Such a danger is actually the modern version of counterfeiting an adversary’s currency to disrupt its economy by undermining the currency thereby creating inflation and economic war.
Attacking an opponent’s economy has been a strategic part of warfare for centuries as this German counterfeit of a British 5 pound note illustrates.
The British attempted to weaken the public trust during the American Revolution attacking the Continental Currency with propaganda and penalties of their own. In order to devalue and destabilize the currency of the Colonies, they also engaged in economic warfare by means of extensive counterfeiting.
Benjamin Franklin developed using nature to secure the currency by using leaves that were unique. Regarding the British-sponsored counterfeits, Franklin said:
“Paper money was in those times our universal currency. But, it being the instrument with which we combated our enemies, they resolved to deprive us of its use by depreciating it; and the most effectual means they could contrive was to counterfeit it. The artists they employed performed so well, that immense quantities of these counterfeits, which issued from the British government in New York, were circulated among the inhabitants of all the States, before the fraud was detected. This operated considerably in depreciating the whole mass, first, by the vast additional quantity, and next by the uncertainty in distinguishing the true from the false; and the depreciation was a loss to all and the ruin of many.”
Circulating contemporary counterfeits today are typically collected alongside the genuine examples and, in some cases, are rarer than the genuine bills.
Economic warfare has been around for a very long time.
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And now includes boomerang-ing sanctions too...
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Death to counterfeiters.
What? No smallpox-infected blankets?
Crytopcurrencies are immue to Counterfeiting
Well that makes Israel the first State cyber-criminal
ZZZZZZZZZ
ZZZZZZZZZ
read this on armstrong economics yesterday....
ZZZZZZZZZZZZZ........
Denying access to the international money transfer system under international law is already an official "act of war".
The US DoD years ago decided that a "cyber-attack" constituted and official "act of war"
Gosh so we're already at war, right?
Right
So when does Moscow do humanity (and world peace) a favor and bomb Brussels into oblivion?
so, redneck..
thats your answer...
getting world peace by killing alot of people...
Yep! Preferably bankers, and the people in charge of the current shithole, but...
I'd settle for a de-stabilizing blow of at least 70% of the population. Globally. It would be kind of hard for a government to enforce anything when that many people die, especially since there would be wide open spaces people could flee to and grow in.
Of course, the FSA will probably beg TPTB for help, and get fenced off like moronic cattle. Hunger Games for everybody!
If the seething irony (never mind the veridical paradox) went over your head, how could you ever provide counsel to your men when the ugly and fundamental moral dilemma reared its inevitable head?
The 2LTs table is over at Yahoo/CNBS...
X.inf.capt: Wake up. Grow up. People will die. Your only choices are who, how and how many.
And most of us will never be in a position to provide the optimal solution to those parameters.
When the time comes, I won't hold it against you to run away in an attempt to avoid being a killer. In that case one of the whos will be you, and the how may be starvation, exhaustion, exposure or something else. Needless to say, I will be happy if you prove me wrong in everything I just said.
So Iran has the right to attack the US now, is that what they are saying?
It doesn't mean that if you're a bunch of lying hypocrites like the US and Israel.
Listen, "PHONESTAR" is immune to the fiats, and gh0stpleaser is no match for phoney!
Anyhow, you're all to stupid to understand the underlying.
Bangalore = Indian Ghoatherderphoneystar
Shocked Phonestar, Latino and Bangalore have not been IP blocked yet.
If they are not psyops plants to trash the comment section, they did a great job driving this place to zero, the lack of activity from executives & professionals in the know (miffed, ORI, Chen, bot, etc etc) speaks volumes to where the place has gone in the last 6 months.
The flip side is Stormfront/ZOG's and bitcoin guys donate more than bond traders/financial professionals to keeping the lights on and ZH is just outgrowing the old demographics which supported ZH since 2009.In this case, all the power to the talking sockpuppets.
Listen, and let me be very clear here.
One must agree that a useful idiot, however inflammatory, can spark the flint on the tinder and create real discourse among members. How you ask? By making you think. Feel the fight club.
It should also be evident that some felt deceived once they figured it all out and "PHONY" may have been the straw that broke the camels back.
I agree about the discourse Bang, but fuck phone and that blog pimper because they do nothing but try ti derail threads and spam a worthless blog, adding absolutley nothing to the discussion in the process.
Bangy is still in his 90 day probationary period...in fact he is currently at 1week 6 days... and making trouble already...
Listen LostVegas USA. Thanks for doing the research on that guy. He seems dangerous and we'll make sure to put him on our "HOT SHEET" and track his Internet usage and phone traffic.
Let me make myself clear, it's guys like "YOU" who make "THE HOMELAND" a safer place and "THE ORGANIZATION" Thanks You.
But not, as we have seen, from being stolen....
What? No smallpox-infected blankets?
.
Passed down from "Mother to child" and used to great excess on the new property... Didn't we!
Fiat = Counterfeiting.....Period!
END The FED
This will happen on a Friday after working hours. "We've been attacked by a virus, we will have it ironed out by Monday morning, when you'll be able to transact at your bank just like the good old days, Happy Camper."
NSA will spoof to make it look like Roishins....and if they get caught they can always blame the Izralis
the only thing I would add to that is that it will probably happen on a friday during a long weekend where banks will be closed on monday anyway
We all knew this before. Whats the point of the article?
the simplicity of it all,
so easy even NATO can do it,
who better to generate a
false flag "counterfeit" cyber-attack
with the push of a computer button
(no real tanks or invasion photos needed)
No worries. We can call in IT from the IRS to sort out what happened and restore the data/services.
20 minutes into the attack they'll have Putin's picture along with 11 ministersbeing identified as the culprits and being circulated around every main stream media outlet. Probably will have an unscorched bank ledger with his name on it that they found outside one of the destroyed banks.
They are trying to help us out via the network effect. Just like Microsoft giving out free copies of their crapware so at least people reluctantly use it until they can figure out a way to make money off of you some other way.
This is a warning against adoption of digital currency.
Counterfeit bills and coins are rare.
Counterfeit and fake information on a computer screen however...
Spam. Spoof. All digital money could go poof.
...reminds me of a movie about two unruly bachelors who ran a little soap company in the daytime and a little men's club of sorts after hours...
Did NATO just declare war on the FED?
Is that Barabara Bush?
Anywho that's what I was thinking. "It's not counterfeiting if we do it to ourselves." (Or is it? Very confusing.) Plus "coinage at least takes some effort."
Meantime...is that a war game or an invasion?
And what if turn the chessboard around and play the other side? Is THAT a war game or an invasion? Or are we just talking the difference between being invited or crashing the party?
Casus belli ?
http://www.coinraritiesonline.com/
As many of you may know, it is perfectly legal to counterfeit coins in China, as long as they are dated prior to 1949(!). That includes coins of all nations (Chinese too!).
There are factories of various sizes that operate out in the open, with employees, buildings, and all the necessary government licenses. The largest of which has many employees, uses surplus presses from the Philadelphia mint that were shipped to China in the 1920’s, and churns out something like 100,000 counterfeits per month. And most (but not all) of these coins are US counterfeits.
All paper money is eventually debased.
Wars (and Inflated rumors of wars) speeds thing up.
"No one would welcome a counterfeiter to town, yet this same authority is blindly given to our central bank without any serious oversight by the Congress.
"When the government can replicate the monetary unit at will without regard to cost, whether it's paper currency or a computer entry, it's orally identical to the counterfeiter who illegally prints currency. Both ways, it's fraud." --Ron Paul
Perfect! Now NATO doesn't require a Russian military intervention in Ukraine!
NATO needs to attack NSA guest if it is a really independent organization.
Interesting question actually. "Does NATO have the right to declare war on behalf of the United States?"
Now back to your regularly scheduled programming...
the white metal is hard to counterfeit...
Can a nation be a thief? Of course, America’s very best friend in the world, Israel, has just stolen Gaza’s natural gas and sold it to Jordan. Not only are the Israelis and the Americans bloodthirsty warmongers, they are first class international thieves.
Israel Steals Gaza’s Offshore Natural Gas: $15 Billion Deal with Jordan
By Julie Lévesque
Global Research, September 06, 2014
While Gazans suffer from daily power shutdowns, Israel is signing an important deal to sell gas to Jordan, gas which, researchers say, was stolen from Palestinians.
In addition to confiscating Palestine’s energy resources, Israel has destroyed Gaza’s only power station in its latest military offensive.
On July 29, 2014, RT reported:
Over a million people in Gaza could be without electricity after Israeli tank shells hit the fuel depot of the enclave’s only power station, causing it to shut down. Its director, Mohammed al-Sharif, said, “The power plant is finished.” (Gaza’s only power plant shut down by Israeli shelling, RT, July 29, 2014)
The Middle East Monitor reported September 4, 2014 that a Memorandum of Understanding ”is due to be signed between Israel and Jordan in the reservoir of Leviathan to export Israeli natural gas to Jordan during the next 15 years with a total value of $15 billion”. (Jordan to buy $15bn of Israeli gas, Middle East Monitor, September 4, 2014.)
Israel’s first natural gas export deal will also be signed by “the Leviathan field partner Noble Energy Inc. on behalf of itself and its partners Delek Group Ltd. units Avner Oil and Gas LP and Delek Drilling Limited Partnership and Ratio Oil Exploration (1992) LP.” (Leviathan partners signing $15b Jordanian gas deal, Globes, Israel business news, on September 3, 2014)
We may recall that in the wake of the Israeli bombing and invasion under Operation Cast Lead, “Palestinian gas fields were de facto confiscated by Israel in derogation of international law”…
The Israeli business news outlet Globe reports that the U.S. State Department “assisted” both countries in signing the deal which gives Israel the capacity to “use its position to achieve strategic aims”…
It should be noted that the entire Eastern Mediterranean coastline extending from Egypt’s Sinai to Syria constitutes an area encompassing large gas as well as oil reserves. (Chossudovsky, op. cit.)
For further information on the Palestinian offshore gaz fields, we suggest the following GR articles:
War and Natural Gas: The Israeli Invasion and Gaza’s Offshore Gas Fields
Israel: Gas, Oil and Trouble in the Levant. Will Israel’s Gas Hopes Come True? Accused of Stealing Gas from the Gaza Strip
Is Israel’s Operation Protective Edge Really About Natural Gas?
Israel Authorises Mining of Natural Gas off Gaza Shore in Defiance of Palestinian Sovereignty
Will Gaza ever get a whiff of its offshore gas?
http://www.globalresearch.ca/israel-steals-gazas-offshore-natural-gas-15-billion-deal-with-jordan/5399736
And yet the Palestinians did not take a single dollar out of the Billions and Billions that they have been given over the course of decades to develope these gas fields. They choose instead to by rockets and mortors, dig tunnels and teach their children to hate.
Interesting concept though. That is to say a state like Russia could produce say $10 Billion in $100 US dollar bills in their state quality Mints then flood the markets in countries they have access too (Mexico, Agentina, Brazil etc). It would trigger a hyperinflationary dumping by cash holders.
Economic warfare is more than cyber attacks or counterfeiting. It can be unleashing oligarch vultures on vulnerable nations. A U.S. court-sanctioned attack on Argentina by Paul Singer and associates is a perfect example.
Argentine cabinet head Jorge Capitanich declared on August 14 that his nation is “in the hands of an international financial power comprised of small, voracious interests that form a real international mafia” and “The world has to say ‘enough’ to the vultures. They are trying to harm the Argentine people and violate our sovereignty.”
Bankers Suck Lifeblood from Argentina
August 27, 2014 AFP
• Argentine people battling piratical plutocrats behind economic genocide of nation.
Paul Singer is not a nice guy.
The Jewish billionaire head of Elliott Management Corp. and a few mega-rich vulture fund managers have no problem with the likely economic destruction of the sovereign nation of Argentina, birthplace of Pope Francis.
By demanding full value for defaulted Argentine bonds they purchased for a pittance and refusing to accept a reasonable settlement, the unscrupulous profiteers may have forced the South American country to the brink of bankruptcy. If they succeed in their piratical efforts, these plutocratic poobahs will almost certainly cause the total collapse of the struggling Argentine economy, creating rampant poverty, joblessness and chaos. Already in 2006, commentator Adrian Salbuchi, at Canada’s Global Research website, likened this to “financial genocide and terrorism.”
But the story currently reported by friend and foe alike is erroneous. Although it is widely asserted that Argentina defaulted again on its sovereign bonds at the beginning of August, this is untrue. According to information provided by the Argentine embassy in Washington, D.C., the country continues to make timely payments to bondholders agreed upon during its earlier debt restructuring negotiations, except to the few holdouts still litigating. Eighty-four-year-old U.S. District Judge Thomas Griesa, however, has blocked all transfer of those funds by United States custodial banks to the bondholders unless Argentina capitulates to his bizarre rulings in favor of the vultures. Griesa’s illegal and extortionary move, if acceded to, would exhaust Argentina’s U.S. dollar reserves and bankrupt that nation.
Co-conspirators in the effort to ruin the South American country are a small group of ruthless hedge funds that specialize in buying distressed bonds and other debt for pennies on the dollar, and then suing the government or corporate issuers for full face value. Singer—one of the GOP’s largest and most powerful fundraisers—and Elliott subsidiary NML Capital Ltd. have led the attack by the vultures.
Also involved are Aurelius Capital Management, run by Mark Brodsky, James Dondero’s and Mark Okada’s Highland Capital Management, Fidelity Investments, owned by Edward C. Johnson III and the Johnson family, and the ubiquitous Goldman Sachs.
Here’s the background. In 2001, following unsuccessful market reforms and a four-year economic depression, Argentina defaulted on its sovereign bonds. In 2005 and 2010, after much litigation, the Argentine government was able to restructure its debt with almost 93% of bondholders for less than 30¢ on the dollar. Along the way, Argentina for some reason accepted U.S. jurisdiction, and the remaining holdouts, led by Singer and NML, sued in U.S. District Court in New York. In 2013, Judge Griesa ruled for the vulture funds, based on a novel misinterpretation of standard legal language employed worldwide by bond issuers.
The ruling was upheld this past June on narrow grounds by the U.S. Supreme Court, despite interventions by the Obama administration and several others who pointed out the incredible dangers to world financial stability resulting from Griesa’s decision…
http://americanfreepress.net/?p=19148
So..Argentina should be able to stiff bondholders and those who buy distressed bonds are evil...got it...I think you are inviting moral hazard and in the long run that could kill the bond market. If there was the slightest doubt of repayment then panic selling would be the only way out because as soon as uncertainty raised its head, by your code, no one should make any offer...cuz it's evil...
think it through...if Argentina was taking care of business instead of spending wildly they would not be in this position...socialism gets what it deserves...
This is not a bondholder issue. These are ambulance chasers who are getting insider court permission to take advantage of a crisis and make an exorbitant 600% and more. Singer’s NML bought 2001 defaulted bonds as late as 2008, after the 2005 restructuring at pennies on the dollar. He and his ilk are profiting from the misery of the Argentines. If Argentina submits to this loan-shark power of the United States, emanating from the power of the Fed and Fed-controlled courts, its own laws would require it to pay the full amount of the debt, even to those who accepted the 70% haircut.
As such, its stressed economy would collapse.
This rogue court power is the same kind of justice you get when a single judge can overturn the will of the voters and open the border to Mexico as happened in California. The judges work for the bankers.
As Ronald Ray suggests, “Because sovereign governments cannot file for bankruptcy protection like individuals and corporations, and banksters continue to block ny suitable sovereign default resolution mechanism, perhaps Argentina shouldlook to the BRICS nations (Brazil, Russia, India, China, South Africa) for assistance. Their recently instituted New Development Bank and Contingent Reserve Arrangement may provide a serious alternative means for issuing and paying Argentine sovereign debt. Then, free of the usurers, Argentina could hope for real economic growth and tell the vultures to eat crow.”
What you are saying, if I read you right, is the United States government has been turned over to a nest of billionaire oligarchs, just as was Yeltsin’s Russia, and is now turning them loose on the world and it's all right.
and how is qe in one country not economic sabotage of another country?
If cyber warfare and cyber-attacks are not on your list of modern worries, it is time you put them on. Either could make your life much more difficult or in a worse case scenario end it. A series of high-profile events since 2010 has highlighted the increasing and multifaceted threat of cyber-attacks.
U.S. cyber-security policy continues to evolve to meet these challenges, but critical gaps remain, including the incomplete protection of digital infrastructure vital to national security, such as power grids and financial networks. On a personal level having your accounts hacked, or having someone steal your identity can turn your life upside down. More on this subject in the article below.
http://brucewilds.blogspot.com/2013/05/cyber-warfare-and-attacks.html
isn't qe like counter-fiating???
And many have said the Federal Rserve is the counterfeiter of last resort. They accuse others of what they do. And that is why it is such a very serious crime to counterfeit US currency; it is going into competition with the Fed.
The Banks and Governments already have enough private fiber for their secure network. The only reason for laws is so false accusations may be made as an excuse to crush a threat to the banking system and NATO.
Something like 94% of NATO's military assets are U.S.
NATO = U.S.
Listen. Numeric facts are relatively distracting.
But your numbers raise an important question. "Can the same be inferred about ISIL?" And if so: Can one join this "ORGANIZATION" and be considered "THE FEW, THE PROUD", "THE ISIL"!
The USA has been counterfeiting more of its currency than the others.
Does anyone remember the crate loads of US currency that was sent to IRAQ and which disappeared?
In my mind there is little doubt that a great deal of secretly printed US dollars make their way into other parts of the world off the back of a plane in places such as the Middle East and Ukraine.
What are you talking about? Which crates? I don't know anything about any crates. Hey, look over there, some pigeons!
TPTB now have the perfect excuse. Blame the looming total financial collapse on some foreign power messing around with the computers that run everything. Then they can swoop in afterwards and load up on everything that's not nailed down and declare war and save the day for democracy all at once.
"The focus is taking the position that an attack on the computer network can cripple critical infrastructure such as power plants, banks or governments, without any actual military invasion."
Anybody stupid enough to hook their power plants or critical infrastructure to the INTERNET probably shouldn't be making decisions for anyone, let alone the safety of a nation. I cannot believe people are stupid enough to swallow this drivel.
Silver For The People
"The justification for war has been escalated where NATO now considers it legitimate to respond to a large-scale cyber attack on a Member State with military force."
...and who is competent enough to determine where the cyber attack came from? more BS from the US. now we're going to blame the collapse on cyber attacks. pure hollywood. EU are you listening?
I was just logging in to suggest pretty much the same.
There you have it folks - the collapse of the markets due to greed, plotting and stupidity will be blamed on cyber attack. We'll have a good few wars to get MIC back on top again, and, well, some folks will probably die. But you can't make an omlette....
Isn't about time we admitted to ourselves that government is just a vehicle for injustice and death, and we'd probably do a lot better without it?
We have always been at economic war with Eastasia, Winston.
No, really, we have.